Replies to post #94380 on Baltia Air Lines Inc. (fka BLTA)

[mrinvestor08]

Exactly! And u know what's funny many people who look up to Tony can't see how bad this really is. They have nothing now kaya

[ChristineC]

Kayakzee, the $1,000,000 did not even exist. the deal was to create more debt for BLTA so they can issues shares to the MMs under the debt rule allowing the MMs to un-restrict them. The sec rule allows lenders who pay debt to take shares as compensation and also have them free trading, that is why the company has debt and issued lots of shares to the MMs and the MMs pay BLTA their cut. ANYONE who says when shares are sold the company or CEO does not make money is a fool.

dam